Investors continued to plow money into U.S. stocks, setting new records following President-elect Donald Trump’s historic White House win.
The Dow Jones Industrial Average scored its 43rd record of the year, closing above 44,000 for the first time ever.
The S&P 500 closed above 6,000 also for the first time in its 51st record close of the year, while the tech-heavy Nasdaq notched a 32nd record close.
Tom Homan is his new border czar, and NY Rep. Elise Stefanik was appointed U.S.
It’s going to be in every portfolio, on every company’s balance sheet and in every nation’s reserve someday” she added.
Investors were still pouring money into the U.S. S. . stocks, breaking previous records after Donald Trump’s historic victory in the White House.
For the 43rd time this year, the Dow Jones Industrial Average closed above 44,000 for the first time.
While the tech-heavy Nasdaq recorded its 32nd record close of the year, the SandP 500 closed above 6,000 for the first time as well, setting its 51st record close of the year.
I: COMP NASDAQ COMPOSITE INDEX 19298.763253 +11.99 +0.06 percent I:DJI DOW JONES AVERAGES 44293.13 +304.14 +0.69 percent SP00 NO DATA AVAILABLE?
While real estate, healthcare, and technology saw slight losses, consumer discretionary, financials, and industrials led the gains in the S&P.
Ticker Security Last Change Change percent XLY CONSUMER DISCRETIONARY SELECT SECTOR SPDR ETF 219.46 +4.34 +2.02 percent XLF FINANCIAL SELECT SECTOR SPDR ETF 49.89 +0.70 +1.42 percent XLI INDUSTRIAL SELECT SECTOR SPDR ETF 143.19 +1.10 +0.77 percent XLRE THE REAL ESTATE SELECT SECTOR SPDR® FUND – USD DIS 43.53 -0.38 -0.87 percent XLV HEALTH CARE SELECT SECTOR SPDR ETF 149.30 -0.88 -0.59 percent XLK TECHNOLOGY SELECT SECTOR SPDR ETF 235.85 -1.31 -0.55 percent.
Among other things, Trump ran on a platform of pro-business policies, less regulation, smaller government, and lower taxes. He won both the popular and electoral votes.
On Monday night, he began putting his team together. A former representative from New York. Lee Zeldin has been chosen to become the administrator of the Environmental Protection Agency (EPA) in President-elect Donald Trump’s administration. His new border czar is NY Rep. Tom Homan. The appointment of Elise Stefanik as U. A. The United Nations ambassador.
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According to investor Cathie Wood of Ark Invest, Trump’s incoming administration might benefit the economy more than Ronald Reagan did in the 1980s when he reduced taxes and reduced the deficit.
Tax cuts, deregulation (defanging the SEC, FTC, and others), government spending cuts (to allow for the private sector), and an emphasis on technologically enabled innovation are all likely to have a greater impact on the US economy than they did during the Reagan Revolution. In a video message that was uploaded to X, she clarified.
Elon Musk, a close Trump advisor, is the CEO of Tesla, which saw a further 9% increase in value, reaching $1 trillion in market capitalization.
“We think the Trump White House victory will be a game changer for the autonomous and AI story for Tesla and Musk over the coming years,” Wedbush analyst Dan Ives wrote in a note to clients, increasing his price target on Tesla from $300 to $400. He added that the company’s market capitalization might reach $2 trillion in the upcoming 12 to 18 months.
Tesla is expected to be valued at $2 trillion.
“Tesla’s AI and autonomous potential alone is worth $1 trillion, and we fully anticipate that these important initiatives will now be expedited under a Trump White House as the federal regulatory web that Musk & Co. encountered in the last few years regarding autonomous and fully self-driving cars under the Trump administration,” he said.
Additionally, Trump’s victory sent bitcoin to all-time highs. As investors embrace his anticipated pro-crypto policies, the largest cryptocurrency by market value reached a new, inflation-adjusted all-time high of $88,000 late Monday.
The cryptocurrency industry election exceeded traditional giants with spending totals of at least $238 million.
The government will not impose a ban, as we now know. Indeed, the U.S. is more likely. S. . The host of the “Coin Stories” podcast, Natalie Brunell, stated during an appearance on “Making Money” with Charles Payne that she would begin purchasing bitcoin. The fact that bitcoin isn’t here to stay is becoming apparent to everyone. She continued, “One day, it will be in every country’s reserve, every company’s balance sheet, and every portfolio.”.
MSTR MICROSTRATEGY INC.’s Ticker Security Last Change Change percent. The COINBASE Global Inc. percentage is 340.00 +69.58 +25.73. 324 plus 24 plus 53 plus 50 plus 19 plus 76 percent HOOD ROBINHOOD MARKETS INC. 32 percent, 2 percent, 26 percent, and 7 percent.
The surge in bitcoin is also helping businesses in the space, such as Microstrategy, Coinbase, and Robinhood.
